The Ramsey Show - App - It’s a Baby Steps Millionaires Theme Hour!

Episode Date: May 18, 2022

Dave Ramsey & Dr. John Delony discuss how ordinary people built extraordinary wealth. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

I'm out. Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. Dr. John Deloney, Ram Ramsey Personality is my co-host today. This is a show where we help people build wealth, do work that they love, and create amazing relationships. Thank you for joining us. This is also a Baby Steps Millionaire Theme Hour where we're going to talk to real millionaires and find out how they really did it, not someone that's broke with an opinion or a political agenda.

Because there's a lot of people out there running their mouth about where wealth comes from. It's always inherited, which is absolutely statistically data-based bogus. So we're going to talk about this stuff. We're going to talk to real millionaires. A millionaire is someone with a $1 million net worth. There is no other definition. Making a million dollar income does not make you a millionaire. Making a $2 million income does not make you a millionaire. It could help you get there, but a million dollar net worth is the only true definition of a millionaire.

A millionaire, a million-dollar net worth or greater. Your net worth is defined as your assets minus your liabilities. Not income-producing, just assets. If I don't produce an income, there's still an asset. If you can sell it and turn it into money, it's an asset. Now, a lot of people argue about what you can count in that or can't count in that. Listen, if it's an asset and you can sell it, you can count it, whatever it is. You've got a stamp collection.

It's an asset. You can sell it and turn it into money. So assets minus liabilities, what you own minus what you owe, equals a million dollars or greater than you are a millionaire. Sanjeev starts us off on this millionaire theme hour in Greensboro, North Carolina. Sanjeev, what's your net worth? So right now about 1.15. 1.15, okay. Give me a little breakdown on that. How's that invested or how did you get to a million one five? Sure, about house home worth about 460 to 500 depending on the day of

the week and rest of it is in uh in stock market and retirement funds and uh uh where any day money and so on and so forth about 670 or thousand in that. Okay. All right. Pretty simple. Okay. How old are you? I am 64 this month. 64? Yes, sir. My wife is 62. Okay. And I need to bring something to your notice that we only came to the United States in 1994.

And that year only I was allowed to work, and I was making a whole of $18,000 a year with four mouths to feed, two young children, my wife and I. And you came with no wealth with you. $10,000 that we had saved while working in Dubai. Wow. So you're from Dubai. Okay, and what is your – I'm an Indian. I'm an Indian, but I was working in Dubai. Oh, okay. All from Dubai. Okay. And what is your... I'm an Indian. I'm an

Indian, but I was working in Dubai. Oh, okay. All right. And so what has been your career? Both of us are graduates from hotel school. So we are in the service industry. I've also taught some at UNCG hospitality courses. And one of my catch lines is we got into hotel school because we were not good enough to get into med schools or engineering colleges. However, we are doctors of ego because we brush everybody's ego and make them happy, and that makes us money. Oh, gosh, what a burn, dude. That's fantastic, man. That's great i like that got a phd

in ego somebody else's okay uh that's very good yes sir so um what was the driving force why do you why did you want to come to the u.s uh it was just a chance that we took. We had no plans. We had no great goals about this is the best country to be in, so on and so forth. It's just something that happened. And I had a job opportunity come up, and I just decided, let's try it. We are young. We can take the risk. If we fail, India is great. We can always go back. And that's how we ended up here, because even at that point in time, we had no debt. We had nothing to worry about in terms of life that way. Children were very young, and children adapt and adapt to the situation very, very well. And they're all doing, both kids are doing well. So what do you attribute, when you look back on it, you say, okay, I was able to become a millionaire because fill in the blank.

Why? Primary, my wife and I, we work together hand in hand always. And we live within our means. Just recently, my 95-year-old mother had a stroke in India and we had to travel at a short notice. We didn't have to finance that ticket. We just decided we have to go. We got vacation from our respective jobs because we are so loyal and so working all the time. Anytime we ask for something, we just get it. Though I was in business for some time, too, I've decided to come back into employment

because that works best for my personality, I think. So the data that I've seen that if someone comes to America from another country legally, that they are four times more likely to become a millionaire than one of us that was born here. I think you're right, sir. And, you know, in no soft way, I mean, we, my wife and I did it. Of course, but without your talks and your guidance, it would have been a much tougher task to achieve. And of

course, working together with the spouse. And then the other aspect is not having multiple spouses. It's very, very important in life. Marriage is grand, divorce is 50 grand. That's what you're saying. Okay. Yes, yes, yes.

Okay. Oh, too fun. So what would be your theory as to why someone who immigrates legally is more likely to build wealth than one of us that was born here? I've got my theory, but I'm curious what you think. I think we come here because we want to achieve something. We want to prove it to ourselves and our families back home that we can do it. It's not just that we are whatever we have achieved, but at the same time also people who come here from such lands like India or Southeast asia it's a very poor

part of the world but not all of us there are poor either but people who come here are highly educated that's why you will see so many uh you know phds and mds are from india or pakistan or southeast asian countries so they are highly well-educated. And then they come here, and they have already learned the basics of economics. Most of their parents were living within their means. We never carried a debt, per se. And earlier in our life, when my wife was a homemaker,

we never, ever hired a babysitter. Ah, wow. Game on. Game on. Honored to speak with you, sir. What a blessing, man. That's fine. Very well done.

1.15 million. It's a Baby Steps Millionaire theme hour. the normal way to find a real estate agent just doesn't work. You go online or you ask a friend and you end up with some normal agent who in the end really doesn't know enough to handle complex situations and really doesn't have your back. Newsflash, normal sucks. You've got to think differently about who you hire to buy or sell your home. Put your home, one of your biggest wealth building tools, in the hands of someone who actually cares about your financial goals. That's why I started the Endorsed Local Provider, or ELP, program over 20 years ago. The ELP, Endorsed Local Provider program, makes it easy to connect with top trustworthy real estate agents in your area who think about money the Ramsey way. Our agents are vetted by our team for integrity, and we demand excellence,

meaning there's no room for normal agents here. Find a trusted ELP real estate agent in your market by going to RamseySolutions.com slash agent today. I've laughed a lot over the years at how people have tried to call me at and Ramsey solutions an overnight success. Yeah, you work your butt off for 30 years, you're an overnight success. One of the things we did many years ago was we were trying to communicate to our team that, you know, what happens is the things that you do in business and leadership in your life, for that matter, there's a cumulative effect of them.

They begin to build up, build up, build up, and then suddenly there's a breakthrough, and it appears to be suddenly, and it's not suddenly. It's the accumulation of a work of a lot of years. You don't suddenly get a great marriage. You don't suddenly raise great kids. You don't suddenly become a success, and if you do, it very seldom lasts. So we developed a thing called the momentum theorem to communicate to our team that there's focused intensity over time multiplied by God equals unstoppable momentum. It's a great marketing principle. It's a great principle for any area of your life.

And I've taught it now for years in Entrez leadership and other leadership settings. It's a talk that I do periodically on how that works and what it is. And our team decided that we needed to put that into a Ramsey Quick Read, which is the little short books. They're basically a chapter, not a book. And so I wrote the little book, the description of the momentum theorem. We put a big cover on it and um made a big deal about it and john not much there but there's a lot there it's pretty thin right i mean you've been making fun of

uh redefining anxiety about being a pamphlet that's like an encyclopedia compared to your book this uh yeah that thing that thing's a tome compared to this 41-page Pulitzer Prize-winning not event here. But I'll tell you what. The information in it, I will stand by, and I will tell you it's worth $10, okay? Because if you get one good idea out of something, it's worth $10. And it's 41 pages, so you can read it in, I don't know, six to eight minutes. It's really thin. But, hey, I'll tell you this, though.

The feedback I'm continuing to receive all over the country about redefining anxiety is so-and-so wouldn't read, the people on my team don't like reading big books, they don't like complicated stuff, my college student didn't like to read,

and so it's reaching a group of people who need something, I need to digest this and own it now. Tonight. Tonight. In one setting i'm not going to read a book in eight settings that's right yeah so i think that i think those smaller books are a gift this might suck someone in into actually becoming a reader if you never

right yeah because it's a whole 41 pages yeah it's on sale at ten dollars at ramsey solutions.com and the scary thing is we put it up for sale monday and it's crazy of course it is yes it's fantastic so funny oh and i'm not i'm not dissing you guys for buying it i'm glad you bought it thank you i appreciate that and it is worth 10 bucks huh it's just humorous to me that i wrote a book that's that's a pamphlet so um so there you go and you know you've been i've been listening you make fun of that one for years and since you wrote it and always thought oh come on john it's a legitimate piece of work it is because it is a legitimate piece of work and then then i do one that's even thinner so there you go

what's going to be great is at the end of the year when we when we do the the end of the year sales numbers and it beats they're going to tell you momentum theorem crushed baby steps millionaires now i'm to be pissed. I don't want to hear that at all. Oh, my gosh. All right. It is a Baby Steps Millionaires theme hour. We're talking to real millionaires.

Joe is next on the line in St. Louis. Joe, what's your net worth? Two million. Good for you. Give me a little breakdown on that by category. So one and a half million is in my 401K and mutual funds. I have some stock grants, and the rest, $500K, is in house and cars. Okay. Perfect.

That was easy. All right. How old are you? I am 55. Cool. How much of this did you inherit? Zero. Okay.

What was your best household income working year and your worst household income working year? I started out making $17,500. And the funny thing is I called you 30 years ago. No way. Yes. I lived in Nashville, Tennessee. Called you 30 years ago. I was a pretty typical college student. Got out of college, got married, bought a brand new car, got credit card debt, and called you.

And you gave me great advice. I was probably nicer then. Yeah, you were nice, but you were stern. Okay. You told me to get on a budget, put money away in my emergency fund, and then start stuffing money and maximizing my 401K, and that's what I did. And 30 years later, I'll tell you, Dave, it hasn't been a perfect ride, but I got here. Yeah.

Made mistakes along the way, but every time I made mistakes, I got right back into the program and got back to my budget, got back to everything that you teach. Wow. I'm proud of you. Very cool. That's awesome, dude. Good for you. Well done.

30 years and you're worth a couple million dollars. Very good. So what's been your career? I majored in computer science in college and cyber and technology ever since. Okay. What was your, what was your highest income earning year? Um, probably last year and with, um, salary and, and stock option or stock grants. So it's about two 50.

Good for you. Well done. Not bad from 17,5 yeah very cool absolutely okay if you're going to look back and uh you're talking to joe like i did 30 years ago the 30 year the 30 year old 30 year ago version of joe uh 25 years old uh what would you tell him you attribute the two million dollars to how do you get there? What should he do? What do you say, I did this and it worked? So I would say, you know, I got debt-free and I stayed debt-free.

And then when I slipped, I got back and I worked hard to get debt-free. And then maximizing my 401K, I'll tell you, I married the right person. I married a beautiful, intelligent, financially responsible Christian wife with five wonderful kids, two of which are now on a budget, just like you taught me 30 years ago, and building up their emergency fund and maximizing their 401ks. You know, the mistakes I made along the way, I didn't save enough for college. I have five kids, and I totally underestimated how much it would be for college, so I would definitely focus there if I started over 30 years ago, and I would have saved earlier and I would have saved more. Yeah. Wow.

Well done, Joe. Proud of you, man. Great job. Very good job. Rick is in Wilmington, North Carolina. Rick, what's your net worth? Dave, my net worth is approximately $2.75 million at the moment. Good for you. Way to go, Rick.

Cool. Give me a little breakdown on that by category. We have about 1.6 in two homes we own. We have 1.3 in mutual funds, stock accounts, and then the balance is in 401K and IRA. And a little cash on the side too about a hundred thousand in cash gotcha okay wow good for you okay thanks very good how old are you 67 years good and how much of this 2.75 did you inherit none zero i did i will caveat that my dad did leave me 20 000 when he passed away which we

used to retire debt. We had some credit card debt at the time. And so we've been debt-free other than mortgage and cars since that time. But safe to say you're not a millionaire because of inherited money. No, it's not. I love my dad, and it gave me a great step forward, but not the reason we're here. Sure. And your range of income, best year and worst year?

Probably my worst years were, you know, 20,000, 25,000 back in the 80s. My best year was 2020 when I made $2.2 million. Oh, that's helpful. Okay. What was your career? I worked in security, Internet security, authentication, authorization, and I caught a ride on a fast-moving rocket ship and did quite well. Yeah, that sounds like it. Congratulations. Well done. So I assume your degree is in technology? My degree is in the School of Hard Knocks, Dave. I went to college several times but never got a degree and learned technology.

I went to technical school to learn technology because that's where the money was in the 90s when I was broken and hurting. So you tech students, he doesn't have a four-year degree in information systems. He has certs from going to school. Just made $2.2 million. Just letting everybody know how this works, okay? Wow. Good job, Rick. Well done, sir.

This is the Ramsey Personality is my co-host today. I don't know whether it was in the name of victimology, or whether it was in the name of whining, or whether it was in the name of evil political intent, whether it was in the name of the spread of communism. But somewhere out there, for whatever reason, whatever the motivation was, began this narrative that is absolutely false about where wealth comes from. It's a lie. All rich people have inherited their money. Now, of course, the underlying statement that that says is that if you don't have a rich uncle, you're screwed.

So no need to work hard, no need to save your money, no need to invest, because the real method of building wealth is to inherit money and so the system is broken and so the rich people should have all the money taken away from them and given to the common people is that it's a very communistic socialistic underlying message and the the interesting thing is it's based on an absolute statistical lie we did the largest study of millionaires ever done in North America. My friend Tom Stanley, who passed away a few years ago, his daughter Sarah still does research for the book The Millionaire Next Door.

It came out in 1992, 30 years ago. 30 years ago. And, you know, and he did a study of 750 millionaires, and he was always criticized for the sample size. John and I have done enough research and have studied enough research, bodies of research, to know that 750 is statistically significant, but most people in the press don't understand that. And people with a political agenda go, well, you didn't study real millionaires. You just picked out the 750 you wanted and had confirmation bias and it just wasn't true it was a solid study but we decided to do a similar study 30 years later and uh we said hey we know 750 is statistically

significant but let's do tenfold let's do 7500 just to shut up the whiners and we got carried away and we ended up studying over 10,000 millionaires. Here's what we found. Seventy-nine percent of America's millionaires, the largest study ever done, airtight research, no confirmation bias, research company looking over our shoulder to make sure it's right, because I knew some of you would bitch, moan, and whine when I did it. And so we knew you were going to be out there. We knew you weren't going to like what we found, because we know these people. We work with them every day, and we we knew you were going to be out there we knew you weren't going to like

what we found because we know these people we work with them every day we knew who they were and so anyway what ended up happening was 79 inherited precisely zero five percent did inherit money but it was an insignificant amount like 20 000 bucks 5 000 bucks something like that which is not enough mathematically to make you a millionaire unless you start when you're one years old and then it still won't make you a millionaire so they didn't inherit enough to become millionaires or another five percent did inherit substantial money like a 250 000 inheritance or something like that after they were already millionaires and so of course that did not make them millionaires so 79 0 79 small 79 large after or and 79 0 5 percent were small 5 large but after that's 10 plus 79 it's 89 that's nine out of ten of america's

millionaires did not become millionaires because of an inheritance okay let me let me let me uh push on the next question then so i'm sitting in my sociology class and i hear that and i say okay so they didn't get money but they all were able to pay cash for brain surgery med school for all these brain surgeons that all became millionaires no they actually didn't um one third of them 33 percent of them never made over a hundred thousand dollars and the top the top five professions were engineer accountant teacher uh manager and lawyer doctors didn't even make the top five of the professions that we studied and i was being sarcastic but at the end of the day this idea that you've well they become a millionaire you've got to make a million dollars a year well you get you've got

privilege right you know you got class privilege or you've got race privilege. Education privilege. Yeah, yeah, yeah. You've got a head start. We studied the people we found. They had all kinds of different starting lines. Yeah. The only thing is they all had the same finish line.

Yep. And all race demographics, all age demographics, all regional demographics, we couldn't find anything that said if you live in this area or if you are this color, you are more likely. Now, we did find whites were more likely statistically on average, but not to where you could say, you know, race is a sufficient blocker. The numbers weren't there uh plenty of african-americans plenty of asians plenty of latinos becoming millionaires it was really not

that was not the correlating thing the correlating thing was what they did that they found a system a process and they followed it so and they believed they could do it help me with this because i've led organizations i led teams i want to communicate to the people that worked for me that they can do anything because that helps the system what is the political motivation behind trying to convince people that you are powerless i don't understand that as a leader that doesn't make it doesn't compute for me because then i get a team that well if you're dependent on the government for me because then i get a team that well if you're dependent on the government for your answers then you're waiting on them to give

you something and the ones that give you something and the ones you vote for you know and so and that's why we just tell people all the time you know what happens in your house is all so much more important than what happens in the white house and so if you're waiting on the alzheimer's patient in charge to get you out of this you're screwed i just i hate i hate that i hate that idea that we're just telling generations of people you can't make it that's why i did this that's why because it made the hope stealers are out there yeah they're stealing people's hope and it you know it made me angry and i also was running into

these baby steps millionaires everywhere like that guy that called earlier he said you know i started 30 years ago i called you and you told me get up rid of my car and get on a budget and here i am 30 years later with two million dollar net worth i'm a baby steps millionaire i followed the baby steps and oh by the way my kids are on the same track now so it's generational change you know or sanji reminds me of the international students i used to work with that came and their eyes would light up and say look at all the opportunity what are we doing work hard we had a kid go go go we had a kid from uh uh czechoslovakia that worked here years ago it just killed me so funny uh he he was he was working on his mba and he quit to go to college in another location and he emailed me about three weeks later

and he goes I needed money for my tuition I couldn't figure out what to do he said I went to a garage sale and it was a Nike shoe sales guy and he had all the samples and he said I bought an entire garage of shoes for like 200 bucks he sold us he said i just finished selling them all on ebay for 34 000 i'm going to college what a country and he like what a country you know the like a classic line you know because he's like there's so much abundance here and everybody's standing around and he went to a garage sale made one transaction versus and then another 100 transactions on ebay and goes to college what a country you're right you know but instead we tell people oh no you got to wait on biden bucks because you're you know you're just screwed if you don't the government's going to get you out and that's really the underlying evil of

people stealing people's hope yeah and that's why we do the baby steps empowering female or you don't have to be famous you don't have to be an athlete you don't have to be a rock star less than one percent of millionaires have recognizable household names and you don't have to be a rock star less than one percent of millionaires have recognizable household names and you don't have to be a high gpa uh we we find the average gpa is right slightly above three and uh now we don't find 1.5 i mean you do have to have some gray matter to be able to pull this off you have a brain okay dumb doesn't work all right so but um but also you don't have to be a 4.2 you know and i'm not i'm not a you know i graduated thank you laudy okay so that's you know that that's that's what you're after here so you know the thing is you just you say okay what do i

attribute this to and the first two said i'm debt free my 401k live on less than i make unified with my spouse the stuff we teach around here every day and that's the baby steps millionaires and that's what these people are then and they're every age every location and the moral of the story is you can do it too and we're going to talk to a couple more before we wrap this particular hour up so don't you dare go anywhere. This is The Ramsey Show. Thank you. Our scripture today, Joshua 1.8, keep this book of the law always on your lips. Meditate on it day and night so that you may be careful to do everything written in it. Then you will be prosperous and successful.

Joe DiMaggio said, A person always doing his or her best becomes a natural leader just by example. It's a Baby Steps Millionaire Theme Hour. Roger and Kim are with us in Columbus, Ohio. Hey, guys, what's your net worth? Right around $2 million, Dave. Cool. Give me a little breakdown on that.

We got 1.3 and 401ks. We got 60k in Roth, 260 cash, $350,000 paid for house, some company stock that's not vetted, about 40k, and about 40k in paid for cars. Cool. How old are you guys? I am 59. I'm 47. Excellent. How much of this money did you inherit? We inherited just about zero.

In the last year, my dad gave me about 20K that came in from his estate, so that's about all we've got. Cool. What's been the range of your working income, best year and worst year? We started out together at about $75,000. Fortunately, Kim is a high-wage earner, and we're at $318,000 now, and the average would have been about $150,000. Okay, cool. So what do you guys do for a living?

I work for a U.S.-based apparel retailer. I'm the head of sustainability. Okay. And I'm an over-the-road business-to-business sales rep. The head of sustainability. Yeah. What does that mean? What do you do? I manage all of our social, human rights, environmental, energy,

and international community giving programs. Oh, okay. Wow. Big company then. Okay. All right. Very cool. All right. So what are your all's degrees in? My degree is in organizational communication. That makes sense. And I was a history major way back when. Gotcha. all right cool so what do you attribute the fact that you have two million dollars at 59 and 47 to well you know it's funny dave uh we have to say thank you because what we did was uh we basically had nothing when we started out and we went to your class around 2007 2008 and everything has grown from there but it's been you know just about uh you know living living your life with uh uh you know not spending more than you make uh

taking care and being content with what you have and that's where we... Following the baby steps. Okay, cool. Very cool. It sounds like you guys were on the same page. Yeah, that was helpful in that we're not big spenders. We're pretty content in life, and we didn't want to carry debt, and we want to retire early. So we had a plan. Yeah, that you both were in agreement on, being on the same page.

Yeah, that's a big deal. Big deal. Yes. What advice would you give to the go ahead i'm sorry no i'm just saying we wanted to be out of debt before we put our kids through college so they wouldn't have any debt coming out of college very good what advice would you give to the younger version of you um i would say stay positive um my life motto has always been work hard be true and good things will happen to you and that god is always good amen well done good job you guys congratulations thank you very much

for sharing your story very good stuff david is in dallas david what's your net worth uh hey there dave um my net worth is about 1.3 to 1.4, depending on the, on the day these days. Cool. That's the way it works. Yeah. All right. Give me a little breakdown on that by category. Uh, yeah, I have about, uh, 900 K in, um, real estate, uh, with 300 K in debt against that. So net of 600, uh, have about a half a million in 401k retirement accounts um and then i have around two to three k in like cash and other like liquid type investments okay um in crypto uh i'm 34 years old okay how much did you say was in crypto i have about 100k sitting there um i definitely didn't buy it for that, but it's there now.

Okay. You only bought it for less, I hope. Okay. Oh, yes, certainly. It's gone in half, so yeah, okay. All right, so how much of this did you inherit? None of it, thankfully. All right, and what's been your working income, your best year working income and worst year? Best and worst year best and worst uh best year is probably

nowadays i make between probably 200 to 300 a year depending on the year and bonuses and things like that and then my worst year was probably right out of college i made about 45k a year cool what do you do for a living uh i work uh in accounting and then i have a few side hustles with rental income, and I sell some things online for eBay, do like retail arbitrage type stuff, little hobbies like that. So you've got a degree in accounting, I assume? Correct, yeah.

Okay. What was your GPA? Around 3.8. Okay. But I'm pretty sure the guy who writes my checks is less, so. Ooh, shots fired all right so me too david me too whoa i don't know if i can recover from that one uh so what do you uh they're doing better than hey just scroll look at your bank balance compared to mine, and you'll be just fine. You did this by 34, very young millionaire.

What do you attribute that to? Just consistent saving. I think when you look at your 401K and retirement accounts, you can put $6,000 a year into an IRA, and you can put $19,000 a year into an IRA and you can put $19,000 a year into a 401k and so if you just did that for 10 years you'd have a quarter of a million dollars basically stacked up so but you have to do it every year I think is the trick so just consistency and making sure that you pay yourself first would be my best advice I suppose suppose. Okay, very good. You think it can still be done today?

Yeah, it can. Not that it's not difficult. I think there's a lot of things that you see now for young people that are challenges that even I didn't have as a younger person. But that doesn't mean they're not navigable. I mean, there were new things for me as a young person that weren't around for my parents. And I'm sure there were things for them that weren't around for their parents. So there's always a way, but I think it's just having the determination and will to find it

and then to also listen to others and learn. And it's not always fun either. There are certainly sacrifices that have to be made and decisions that have to be made that are difficult. But have you given up your quality of life at 34 in order to get here? No, no, certainly not. And actually, even now, like, I'm able to enjoy my life a lot more with the decisions that I'm able to make. And I feel like I have a lot more tools in my toolbox at this point that some of my friends who maybe didn't make the same decisions or, you know, just chose other paths maybe don't have. And I feel really,

really lucky and blessed to have that. And I, I thank my, my past self for making the decisions that I did to set me up for where I am now. Um, and so even now, as I make decisions as in my thirties, uh, I always have one foot kind of in the next decade. You know, like what would 40-year-old me be happy that 30-year-old me does? And what's 30-year-old me happy that 20-year-old me does? What a great way to live, man. That's beautiful. Well thought.

Well thought out. Good job, David. Proud of you, man. Proud of you. That to me is the key, Dave, is to ask yourself right now, this time next week, what choices will I be glad I made when it comes to eating and exercising and marriage? And then

next year and then 10 years from now, what can I do right now to sow those seeds? It's the old Henry Cloud thing. What's your desired future? And what has to be true to get to that desired future start now and right now and you know and the desired future can be friday um but the longer your planning window the more

vision you have the higher quality your life is going to be so you have a better vision a long term vision for your marriage a long-term vision for your kids long-term vision if you have a long-term vision for your kids you're not raising great kids you're raising kids to become great adults as andy andrews says it changes the way you do everything that's right when you start looking out past the cusp it's good stuff dr john deloney good show james and austin and ben and zach and andrew and kelly great work i am dave ramsey your host we'll be back with you before you know it in the meantime remember there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Hey, it's John Deloney, co-host of The Ramsey Show. Did you know over 18 million people listen to The Ramsey Show every week? A lot of those people listen on one of our 600-plus radio stations across the country. To find a station near you, go to RamseySolutions.com slash show.